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US fiduciary rule critic Scaramucci named in new Trump role

US fiduciary rule critic Scaramucci named in new...

A leading critic of the Department of Labor’s (DoL) upcoming fiduciary rule, which will require pension advisers to act in the best interests of their clients, putting an end to high-commission investment products, has been named as an assistant to president-elect Donald Trump.

Published : 13, Jan 2017
US politician introduces bill to delay adviser reforms

US politician introduces bill to delay adviser...

A US congressman has introduced a bill that could delay the Department of Labor’s (DoL) much-anticipated fiduciary rule by at least two years.

Published : 9, Jan 2017
Millennials are willing to pay for financial advice, finds study

Millennials are willing to pay for financial advice,...

Investors under 40 are willing to pay for expert financial advice, according to the latest study by US consultancy firm Cerulli Associates.

Published : 6, Jan 2017
US funds must disclose fees under DoL adviser reforms

US funds must disclose fees under DoL adviser...

US mutual funds will be required to fully disclose all their fees and asset allocation as a result of the Department for Labour’s (DoL) upcoming investment advice rule, according to the Securities and Exchange Commission (SEC).

Published : 4, Jan 2017
US equities looking expensive warns Amundi’s Mortier

US equities looking expensive warns Amundi’s Mortier...

US equity valuations have become expensive on a price-to-earnings basis and investors are urged to stay away from them, according to Vincent Mortier, Amundi Group's Paris-based deputy chief investment officer and global head of multi-asset.

Published : 4, Jan 2017
SEC charges US fund manager over $2.5bn pay-to-play scheme

SEC charges US fund manager over $2.5bn pay-to-play...

A US pension fund manager has been charged by the Securities and Exchange Commission (SEC) for a $2.5bn (€2.3bn, £2.02bn) pay-to-play scheme, including cocaine and hookers.

Published : 23, Dec 2016
Canadians using offshore tax amnesty to name advisers

Canadians using offshore tax amnesty to name advisers...

Canadian taxpayers wanting to use voluntary disclosure programmes (VDP) should have to identify advisers who helped them avoid paying tax, the Canada Revenue Agency’s (CRA) Offshore Compliance Advisory Committee has recommended.

Published : 21, Dec 2016
Cayman Islands plans beneficial ownership platform

Cayman Islands plans beneficial ownership platform...

The Cayman Islands will gazette two pieces of legislation before Christmas that will pave the way for the jurisdiction to create a platform where overseas authorities can access information on the beneficial owners of companies and other financial entities.

Published : 21, Dec 2016
US equities 'great again' for Europe’s fund buyers

US equities 'great again' for Europe’s fund buyers...

US equities are ‘great again’ for European investors. They funneled record amounts of money into the asset class in November, with value funds being especially popular.

Published : 21, Dec 2016
Harlequin Property enters receivership as resort is shut

Harlequin Property enters receivership as resort...

Harlequin Property SVG, the land-owning unit behind the £400m ($509m, €454m) overseas property scheme facing ruin, has entered interim receivership while its flagship resort has closed after the electricity was disconnected.

Published : 19, Dec 2016
Dollar rallies, gold falls on back of Fed’s ‘happy’ hike

Dollar rallies, gold falls on back of Fed’s ‘happy’...

The dollar surged this morning on the back of only the second Fed rate rise since the 2008 financial crisis.

Published : 15, Dec 2016
Analysis: What if Trump succeeds?

Analysis: What if Trump succeeds?

Last year at about this time I wrote a piece titled: What if the Fed is wrong and other scary thoughts for 2016?

Published : 9, Dec 2016
Departures continue with SEC enforcement head to step down

Departures continue with SEC enforcement head...

The US Securities and Exchange Commission (SEC) has confirmed that enforcement director Andrew Ceresney is to leave the agency by the end of the year, the latest in a series of high-profile departures from the regulator.

Published : 9, Dec 2016
Key action points for US citizens facing up to Fatca

Key action points for US citizens facing up to...

Compliance with the Foreign Account Tax Compliance Act (Fatca) by those institutions affected by it is now well advanced, but the picture is much less clear for individuals affected by the new rules, says David Andrews, executive director (international private clients) at HFM Columbus.

Pimco fined $20m for misleading investors on active ETF

Pimco fined $20m for misleading investors on active...

Investment manager Pimco has been fined nearly $20m (£15.9m, €18.9m) by the US Securities and Exchange Commission (SEC) for misleading investors about the performance of its actively managed Total Return ETF.

Published : 2, Dec 2016
ANALYSIS: Will the Fed turn its back on the world next year?

ANALYSIS: Will the Fed turn its back on the world...

With a December interest rate rise now close to certain, investors will no longer be trying to assess when the Federal Reserve will raise rates next, but what the path will be after this.

Published : 29, Nov 2016
Industry still fears Trump will veto US adviser reforms

Industry still fears Trump will veto US adviser...

As President-elect Donald Trump prepares to take the helm in the most powerful job on Earth, the advice industry has continued to raise concerns he may scrap the US Department of Labor’s (DoL) upcoming fiduciary rule, requiring specialist retirement advisers to put their client’s interests first.

Published : 29, Nov 2016
Finance, energy and health sectors in focus for 2017 - Citi

Finance, energy and health sectors in focus for...

Sector investing may come back in 2017 and an EM `stability premium’ could develop as the grand economic ideas of the new US administration are put into practice. says Roger Bacon, Citi Private Bank’s Asia-Pacific head of managed investment.

Published : 28, Nov 2016
Will US equities binge mean a Thanksgiving hangover?

Will US equities binge mean a Thanksgiving hangover?...

As Americans get stuck into their Thanksgiving day celebrations the rest of the world still has its eye on the investment ball and some may be weighing up whether, just as with food, you can have too much of a good thing.

Published : 25, Nov 2016
IRS targets virtual currency in tax avoidance probe

IRS targets virtual currency in tax avoidance...

As part of its investigation into tax avoidance through the use of virtual currencies, the US Internal Revenue Service (IRS) has filed a petition with a California court requesting personal data from virtual currency exchange firm Coinbase.

Published : 24, Nov 2016

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